36,255 Shares in MercadoLibre, Inc. $MELI Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments purchased 36,255 MercadoLibre shares worth approximately $62.7 million, taking a roughly 0.07% stake. Institutional investors collectively own 87.62% of the company.
• Wall Street remains generally positive: 13 analysts rate MercadoLibre a Buy and five rate it Hold, producing a “Moderate Buy” consensus and an average price target of $2,248.75.
• MercadoLibre’s shares opened at $1,624.53, well below their 52-week high of $2,419.78, while the company’s latest quarterly results exceeded revenue and EPS expectations. Investors are focused on the scheduled third-quarter results release on November 4, 2026.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 36,255 shares of the company's stock, valued at approximately $62,668,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of MercadoLibre as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of MercadoLibre during the 2nd quarter worth approximately $2,246,015,000. Jupiter Topco LLC acquired a new stake in shares of MercadoLibre during the 2nd quarter worth approximately $917,123,000. Linonia Partnership LP boosted its position in shares of MercadoLibre by 325.1% during the 2nd quarter. Linonia Partnership LP now owns 553,788 shares of the company's stock worth $939,994,000 after acquiring an additional 423,527 shares in the last quarter. Royal Bank of Canada increased its stake in MercadoLibre by 114.2% in the first quarter. Royal Bank of Canada now owns 444,603 shares of the company's stock valued at $768,728,000 after acquiring an additional 237,008 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in MercadoLibre in the second quarter valued at approximately $291,146,000. Institutional investors own 87.62% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Zacks Research raised MercadoLibre from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Citigroup raised MercadoLibre from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $2,100.00 to $2,050.00 in a research note on Tuesday, October 27th. New Street Research began coverage on MercadoLibre in a research note on Wednesday, September 23rd. They issued a "buy" rating and a $2,450.00 price objective on the stock. BTIG Research reiterated a "buy" rating and issued a $2,150.00 target price on shares of MercadoLibre in a research report on Tuesday, October 27th. Finally, JPMorgan Chase & Co. boosted their target price on MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $2,248.75.

Key Stories Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Citigroup upgraded MercadoLibre to Buy, providing a supportive analyst signal and suggesting the bank sees upside potential in the shares. MercadoLibre Raised to Buy at Citigroup
• Positive Sentiment: MercadoLibre received bullish calls in a Wall Street market wrap, indicating that some market participants remain constructive on the Latin American e-commerce and fintech company ahead of its results. Stocktwits Wall Street Wrap
• Neutral Sentiment: Third-quarter results are scheduled for November 4, 2026. MercadoLibre will report results for the quarter ended September 30, making the release the primary upcoming driver for the stock. MercadoLibre to Report Third Quarter 2026 Financial Results
• Negative Sentiment: The stock fell more sharply than the broader market, suggesting company-specific selling pressure rather than simply a broad market move. The decline comes as investors position for the earnings announcement and assess whether expectations are already reflected in MELI’s valuation. MercadoLibre Falls More Steeply Than Broader Market

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $1,624.53 on Monday. The firm has a 50 day moving average price of $1,840.65 and a two-hundred day moving average price of $1,815.89. The stock has a market cap of $82.36 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 1.14 and a beta of 1.42. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,419.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $9.19 EPS for the quarter, topping analysts' consensus estimates of $8.65 by $0.54. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The company had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.79 billion. During the same quarter in the previous year, the business earned $10.31 earnings per share. MercadoLibre's revenue was up 49.8% compared to the same quarter last year. As a group, equities analysts forecast that MercadoLibre, Inc. will post 38.09 EPS for the current year.

MercadoLibre Company Profile

MercadoLibre, Inc is a technology company that operates an online commerce and financial services ecosystem across Latin America. Founded in 1999 by Marcos Galperin, the company initially developed an online marketplace and has expanded into a broad platform connecting buyers and sellers with businesses and consumers.

Its commerce operations include the MercadoLibre marketplace, where users can purchase and sell products across numerous categories. The company also offers supporting services such as Mercado Envíos for shipping and logistics, Mercado Ads for digital advertising, and tools for merchants to manage their online businesses.

MercadoLibre's financial technology business is centered on Mercado Pago, which provides digital payment processing, online checkout, money transfer and account services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.